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Article: World Bank intends to provide more loans for Brazil

Article from:
Xinhua News Agency
Article date:
August 9, 2002
Copyright

World Bank intends to provide more loans for Brazil WASHINGTON, Aug. 9 (Xinhua) -- The World Bank announced Friday that it intends to increase lending to Brazil by up to 2 billion US dollars as a strong support for Brazil's economic policies.

"After discussions with Brazilian authorities today, the World Bank confirmed its strong support for Brazil's sound economic policies," said a news release from the lending institution Friday.

The news release quoted David de Ferranti, World Bank Vice President for Latin America and the Caribbean, as saying that "the structural and social reforms implemented in Brazil over the last years form a solid basis for economic growth, sustainable ...

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